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And Bitcoin is so stable and international accepted and not able to be attacked by a 50% attack that it's better to use in a crisis than gold and food? Have yo
by Moneyyyyy 3y ago
And Bitcoin is so stable and international accepted and not able to be attacked by a 50% attack that it's better to use in a crisis than gold and food?
Have you seen someone trading worthless money into BTC in a crisis? No you have not.
Either you keep Bitcoin and start really using it globally or this argument is wrong.
And you can see in El Salvador how bad it is.
- HashBasher 3y agoStability is an illusion. Everything is fluctuating in value every day. Some would argue that given bitcoin's fixed supply, it could be an asset against which everything else value can be measured accurately. An economical measuring stick, if you will. > International accepted Yes, except China! > 50% attack Buddy are you still in 2013? > Crisis Yes, there are some accounts of people fleeing the Ukraine war with their savings in a USB stick, Bitcoin sure is great in a time of crisis where criminals would be on the look out for shiny metal! > start really using bitcoin.. What are you talking about? I'm using Bitcoin right now! I use it every day especially when I am soundly asleep knowing that my Bitcoin is safe and my purchasing power will grow in the long term. > El Salvador El Hodlador knows what long term means.
- Moneyyyyy 3y agoHard to argue if you don't bring proof or anything. 51% is still possible. See the last Blogpost about it on hn 1-3 weeks ago. El Salvadors people are suffering under Bitcoin. And yes pls tell me how you actually use BTC on a daily basis.
- HashBasher 3y agoGiven your username, one would assume that you know the 3 uses of a money. But you know what they about assume-ing. I use bitcoin on a daily basis for the most important usage of a money - store of value.